Guangdong Guanhao High-Tech Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 07:25 am EDT
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Guangdong Guanhao High-Tech Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,721.15 million compared to CNY 1,777.54 million a year ago. Revenue was CNY 1,721.15 million compared to CNY 1,777.54 million a year ago. Net income was CNY 38.25 million compared to CNY 69.76 million a year ago. Basic earnings per share from continuing operations was CNY 0.0211 compared to CNY 0.0399 a year ago. Diluted earnings per share from continuing operations was CNY 0.0211 compared to CNY 0.0399 a year ago.
Guangdong Guanhao High-Tech Co Ltd is a China-based company mainly engaged in papermaking business. The Company's main products include thermal materials, adhesive sticker label materials, sublimation transfer paper, and carbonless paper. Its thermal paper products are mainly used in the manufacturing of bills, tags, fax materials and others. The Company also provides a series of adhesive sticker products, mainly used in logistics, medicine and food processing and other fields. The Company also produces coated white cardboard, paper chemicals, and color printing. The Company mainly distributes its products in domestic and overseas markets.